Future Lifestyle Fashions Ltd Q3 FY20 Share Price & Earnings Call Analysis

Financials of Future Lifestyle Fashions Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Future Lifestyle Fashions Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022
Sales +1,571.811,742.231,442.9685.82409.19950.09831.62297.99833.141,255.38607.42272.88177.61
Expenses +1,314.381,421.141,294.86195.71461.38907.58754.67396.61814.131,138.161,255.28274.93195.92
Operating Profit257.43321.09148.10-109.89-52.1942.5176.95-98.6219.01117.22-647.86-2.05-18.31
OPM %16.38%18.43%10.26%-128.05%-12.75%4.47%9.25%-33.10%2.28%9.34%-106.66%-0.75%-10.31%
Other Income +11.4411.06-46.8410.5614.8013.1811.8211.182.5714.92-959.3627.87154.16
Interest74.7766.3593.0882.0686.8288.1092.7099.1275.0782.9664.4061.4553.34
Depreciation173.20178.70191.61171.37138.31143.67145.06167.33165.79161.31118.99100.3390.04
Profit before tax20.9087.10-183.43-352.76-262.52-176.08-148.99-353.89-219.28-112.13-1,790.61-135.96-7.53
Tax %43.21%32.03%-18.96%0.05%-1.80%-1.41%0.01%-1.64%-4.59%-0.41%4.99%0.00%0.00%
Net Profit +11.8759.20-148.65-352.95-257.80-173.60-149.00-348.08-209.22-111.67-1,879.91-135.96-7.53
EPS in Rs0.592.94-7.37-17.49-12.78-8.60-7.38-17.25-10.37-5.53-93.17-6.74-0.37

Financials of Future Lifestyle Fashions Ltd

Profit & Loss

Annual income statement trend

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022TTM
Sales +3,8934,9125,7286,2972,2772,9942,313
Expenses +3,5554,4775,1745,2702,2563,5572,864
Operating Profit3384365541,02721-563-551
OPM %9%9%10%16%1%-19%-24%
Other Income +851210-559-942-762
Interest123108117306350322262
Depreciation89154207702598613471
Profit before tax210186240-36-918-2,440-2,046
Tax %49%32%19%50%-1%3%
Net Profit +76126189-53-933-2,549-2,135
EPS in Rs4.016.629.71-2.63-46.26-126.32-105.81
Dividend Payout %20%18%14%0%0%0%

Financials of Future Lifestyle Fashions Ltd

Balance Sheet

Capital structure and asset base

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Sep 2022
Equity Capital38383940404040
Reserves1,3451,4921,7881,597661-1,922-2,067
Borrowings +6827839042,7572,9542,1691,610
Other Liabilities +1,5431,4852,3302,9042,5714,1754,186
Total Liabilities3,6083,7985,0617,2986,2274,4633,769
Fixed Assets +7409241,2742,6752,330668422
CWIP190290158178615959
Investments2162173493453233232
Other Assets +2,4622,3663,2804,0993,5133,7053,256
Total Assets3,6083,7985,0617,2986,2274,4633,769

Financials of Future Lifestyle Fashions Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Cash from Operating Activity +676508562791303683
Cash from Investing Activity +-245-488-628-872-1326
Cash from Financing Activity +-4280146-23-258-697
Net Cash Flow32180-1043212
Free Cash Flow40247131308235673
CFO/OP203%127%110%80%1,440%-122%

Financials of Future Lifestyle Fashions Ltd

Ratios

Working capital efficiency and return ratios

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Debtor Days282325226626
Inventory Days222190201219439224
Days Payable181140178209464411
Cash Conversion Cycle7072483241-160
Working Capital Days193222-43-57-176
ROCE %14%15%11%-13%-73%